Yeah i earn more than my parents combined for my entire childhood but guess what gobbled that shit right up.
The house i grew up in cost $20,000.
The one my husband and i bought cost $1,000,000.
Both 3 bedroom postwars in slightly dodgy neighbourhoods yaaay inflation
For the curious: $1,000AUD in 1980 is equivalent in purchasing power to about $5,125.00 today, an increase of $4,125.00 over 44 years. The Australian dollar had an average inflation rate of 3.78% per year between 1980 and today, producing a cumulative price increase of 412.50%.
This means that today’s prices are 5.13 times as high as average prices since 1980, according to the Bureau of Statistics consumer price index. A dollar today only buys 19.512% of what it could buy back then.
Yeah i earn more than my parents combined for my entire childhood but guess what gobbled that shit right up.
The house i grew up in cost $20,000.
The one my husband and i bought cost $1,000,000.
Both 3 bedroom postwars in slightly dodgy neighbourhoods yaaay inflation
For the curious: $1,000AUD in 1980 is equivalent in purchasing power to about $5,125.00 today, an increase of $4,125.00 over 44 years. The Australian dollar had an average inflation rate of 3.78% per year between 1980 and today, producing a cumulative price increase of 412.50%.
This means that today’s prices are 5.13 times as high as average prices since 1980, according to the Bureau of Statistics consumer price index. A dollar today only buys 19.512% of what it could buy back then.